Inuvo (NYSEAMERICAN:INUV) Rating Lowered to Hold at Freedom Capital

Inuvo (NYSEAMERICAN:INUV) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of Inuvo in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.00.

Inuvo Trading Up 8.3%

Inuvo stock opened at $1.57 on Tuesday. The stock has a market cap of $23.27 million, a P/E ratio of -12.08 and a beta of 1.24. The company has a fifty day simple moving average of $2.04 and a 200-day simple moving average of $2.39. Inuvo has a 12-month low of $1.31 and a 12-month high of $6.27.

Inuvo (NYSEAMERICAN:INUV) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. Inuvo had a negative net margin of 2.88% and a negative return on equity of 17.37%. The firm had revenue of $7.93 million during the quarter. As a group, sell-side analysts forecast that Inuvo will post -0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Inuvo

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC lifted its position in Inuvo by 533.1% in the third quarter. Citadel Advisors LLC now owns 89,432 shares of the company’s stock valued at $314,000 after acquiring an additional 75,307 shares during the last quarter. Jane Street Group LLC lifted its position in Inuvo by 152.3% in the fourth quarter. Jane Street Group LLC now owns 42,562 shares of the company’s stock valued at $106,000 after acquiring an additional 25,693 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Inuvo in the third quarter valued at $101,000. Dimensional Fund Advisors LP purchased a new stake in shares of Inuvo in the fourth quarter valued at about $51,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Inuvo in the third quarter valued at about $38,000. 29.36% of the stock is owned by hedge funds and other institutional investors.

Inuvo Company Profile

Inuvo, Inc (NYSE: INUV) is a marketing technology company specializing in artificial intelligence–driven digital advertising solutions. The company’s platforms leverage machine learning and proprietary algorithms to analyze consumer intent and deliver targeted advertising across desktop, mobile and connected TV channels. Inuvo’s core technology is designed to help advertisers optimize campaign performance and improve return on ad spend by focusing on contextual relevance rather than relying solely on cookie-based tracking.

Through its Pulpo Media division, Inuvo offers programmatic advertising services that reach both English- and Spanish-speaking audiences in the United States and select Latin American markets.